The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-08-03
CONDITION OF THE MARKETS
A Day of Great Excitement in Corn, Re-
sulting in an Advance of Two Cents.
Wheat Moves Up Little and Closes Steady
and Quiet-MOderate Business in PrOvi-
sions, with Indications Of Heaviness.
MONEY, BONDS AND STOCKS.
A Feverish and Weak Market, Followed by a
Heavy Closing.

A Feverish and Weak Market, Followed by a
Heavy Closing.
NEW YORK, Aug. Mooney on call was easy
at 81 al per cent; closing offered at 5.
Prime mercantile paper 81 06 per cent.
Sterling exchange was dull and weak at 81 81 7
for 60-day bills. and $4.s39 for demand.
The total sales of stocks to-day were 3S7, 700
shares, including the following Canada South
srn, $3.50; Lake Erie e. Western, 81, 915; Erie.
12,0l0; Kansas e. Texas, 5.205; Lake Shore.
IL, ABS; Louisville & Nashville. $500; Missouri
Pacific, 5,0S7; Northwestern, 7.190; New Jersey
Central. $780, New York Central, APO; Oregon
Transcontinen 1910; Pacific Mail, 3,84O;
Reading 101, 45O; St Paul, AZ. $50; ST. Paul e.
Omaha. 4, $50; Texas Pacific. 4, ITO; Union Pacific,
$500; Western Union 1S, 800.
The street was filled to-day with vague rumors
of impending trouble, though nothing of a def
mite nature made public. One small failure
announced, which however, had no effect
upon the course of prices There was absolutely
news. and i'm portant rumOrs, with the excep-
tion named above, were unusually scarce. The
only support received by the market was from
purchases by London, which. while imparting
strong tone to the opening, were Of little effect
later. The buyers Of yesterday including most
of the influential room traders. were steady sell
throughout the day. and although the heavy
hammerng of the past few days was absent,
out and the market was feverish
and weak during the greater part
",
rnodic. In Reading the transactions were large;
New England, St. Paul, and Western Union
were heavily traded in but tee remainder were
comparatively quiet. feature of the day was
the break in Louisville, New ALBANY q Chicago
which broke from so to 40, against 80 last
ing. The opening was strong at advances
tepding to one-hAlf per cent. There mod
erately active business, which improved toward
noon, but decreased materially later in the day.
Prices weak from the opening, although
material decline established until, after IL
o'clock, when New England and the coal stocks
became conspicuonsy weak. After slight
covery prices again settled down, while
the decline gathered force toward 1 p NJ,
st. Paul and Richmond 81 West Point
becoming weak with the above mentioned
stocks. The market became more feverlsh in the
last hour, but a generally stronger tone pre-
vailed though the close heavy at fractions
better than the lowest. The active list, with
few unimportant exceptions. is lower this oven
ing, and Jersey Central lost per cent. Reading,
81; New England, q; Missouri Pacific, Il; West
ern Union and Lackawanna, IL; Omaha. IL;
Richmond & West Point. and Peoria, Decatur
s. Evansville. Il; Pacific Mail and Colorado
Coal, /.
Railroad bonds were dull the only feature
being the activity in the Denver q Rio Grande
tours, which contributed $4,000 to a DAYS
total of 1910. 600. The market heavy
weak throughout Jersey Central unassented
convertibles fell 2. to lis, Houston 81 Texas
seconds. 81. to 1904
Government bonds were dull and heavy
State bonds were dull and featureless. Clos
frw